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The Truth About In House Financing Plans - Dental Profits #6
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When? This feed was archived on September 03, 2023 00:37 (). Last successful fetch was on June 04, 2023 22:51 ()
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Manage episode 189742563 series 1569037
The national average for accounts receivable in dentistry is $116,000. This is a situation where the numbers are continually rising with no end in sight. Allowing your patients to receive treatment and still owe you money does not serve your Vision, Patients, Team, and Bottom Line Profit! Put your focus on value and get away from talking about price.
Top 3 Mindset Challenges:
- Why would I give up 10% to a third party company when I can finance it myself
- As long as I can cover my lab fees I am ok financing the rest in house
- My patients don’t have any credit and they can’t pass an application
Top 3 Reasons you should implement 3rd party financing:
- You alleviate all of your financial risk
- You get paid regardless, and your team does not have to do all the work to collect all of the past balances
- You are able to remove money as an obstacle to the relationship. You don’t have to be the bad guy
71 episodes
Archived series ("Inactive feed" status)
When? This feed was archived on September 03, 2023 00:37 (). Last successful fetch was on June 04, 2023 22:51 ()
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 189742563 series 1569037
The national average for accounts receivable in dentistry is $116,000. This is a situation where the numbers are continually rising with no end in sight. Allowing your patients to receive treatment and still owe you money does not serve your Vision, Patients, Team, and Bottom Line Profit! Put your focus on value and get away from talking about price.
Top 3 Mindset Challenges:
- Why would I give up 10% to a third party company when I can finance it myself
- As long as I can cover my lab fees I am ok financing the rest in house
- My patients don’t have any credit and they can’t pass an application
Top 3 Reasons you should implement 3rd party financing:
- You alleviate all of your financial risk
- You get paid regardless, and your team does not have to do all the work to collect all of the past balances
- You are able to remove money as an obstacle to the relationship. You don’t have to be the bad guy
71 episodes
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